§ 3508.15 What information will the detailed statement of the lease sale terms and conditions include?
FederalRegulations
Ask Donna
How this section applies to your facts.
Title 43—Public Lands: Interior > Subtitle B—Regulations Relating to Public Lands > CHAPTER II—BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR > SUBCHAPTER C—MINERALS MANAGEMENT (3000) > PART 3500—LEASING OF SOLID MINERALS OTHER THAN COAL AND OIL SHALE > Subpart 3508—Competitive Lease Applications
Text
(a) The proposed lease terms and conditions, including the rental, royalty rates, bond amount, and any special stipulations for the particular tract;
(b) An explanation of how you may submit your bid;
(c) Notification that you must accompany your bid with your qualifications statement (see subpart 3502 of this part) and a deposit of one-fifth of your bid amount;
(d) Notification that if you are the successful bidder, you must pay your proportionate share of the total publication cost for the sale notice before we will issue the lease. Your share is based on the number of tracts you bid on successfully, divided by the total number of tracts offered for sale;
(e) A warning concerning 18 U.S.C. 1860 which provides criminal penalties for manipulating the bidding process;
(f) A statement that the Secretary reserves the right to reject any and all bids, and to offer the lease to the next qualified bidder, if the successful bidder does not get the lease for any reason; and
(g) Any other information we deem appropriate.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.